Celsius Holdings, Inc. (NASDAQ:CELH) shares rose in premarket trading Thursday after the company reported first-quarter results that topped Wall Street expectations, driven by strong demand across its expanding energy drink portfolio and momentum from its integration into PepsiCo, Inc.’s (NASDAQ:PEP) distribution network.
Quarter In Detail
Celsius reported first-quarter adjusted earnings of 41 cents per share, beating the analyst consensus estimate of 30 cents.
Quarterly revenue surged 138% year over year to record $782.6 million, exceeding analyst estimates of $766.8 million.
North America revenue climbed 144% year over year to $747.3 million, while international revenue increased 55%.
Gross margin contracted by 400 basis points during the quarter. The company said the decline in gross margin reflected the addition of …
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